Closing my Santander/Abbey account

wishface

td_007 wrote: »

Lets try one more time.
At present:
You- borrowed money from the bank
Pay- interest & charges and a bit of borrowed money

What you want in future:
You- have borrowed money from the bank
Pay- No interest , No charges and pay a bit of borrowed money

Why do think that you should have the privilege of borrowing money for FREE?

that isn't what i think or said, again.

wishface

anselld wrote: »

Straightforward solution then.... you can pay off your overdraft when you sell your PS3. Job done

you won't get £200 for it - assuming it can be sold. I don't intend to just give it away for a pittance to appease people too ignorant to read messages on forums.

blueberrypie

wishface wrote: »

um, i'm not buying a new pc. I don't have the money.

So it's some other person with an identical username who's posting on the I-wanna-buy-it board: http://forums.moneysavingexpert.com/showthread.html?t=2228035&highlight= - and their most recent post (in which they were definitely still intending to buy a pc) is from two days ago?

PM's are none of your business.

None of your business is any of my business - or anybody's business here, really. But you posted, you asked for advice/information, people have tried to provide it.

the cccs advised closing the account.
i've had this account for about 5 years.

there's no pattern at all.

A year ago, you'd an overdraft you couldn't afford to pay off. Now, you've got an (different) overdraft you can't afford to pay off. A year ago, you asked for advice and got some, but it wasn't what you wanted to hear so you proceeded to blame the banking system/people trying to help you/CCCS/the rest of the world. Now, you've asked for (different) advice and it isn't what you wanted to hear, so...

That's a pattern.

it isn't me that doesn't read other messages incorrectly and it isn't me that jumps to the wrong conclusions about other people's spending plans.

Hm, I read this:

Anyone know where/how I can get a decent pc. Mine is dying on it's !!!! and it's really old. I'm looking for around 2.5 ghtz p4 or equivalent. Decent graphics. Around at least 50gig HD and 1 gig of RAM

and this:

Cans omeone tell if if this this any good? Seems quite cheap for the specs, but I don't know the quality of the components.

...and I thought you wanted to buy a pc. Silly me. Maybe it's in code...

td_007

wishface wrote: »

that isn't what i think or said, again.

How is the scenario different from what you are asking?

choc_mouse

wishface wrote: »

I said that instead of paying the overdraft charge, I would use that payment, after closing the account, to pay off the outstanding money.

I did not say I should have the overdraft waived.

What you're asking for then is a loan to pay off the overdraft immediately. The loan can then be settled in affordable monthly payments e.g. 12 monthly instalments plus interest but you will be avoiding the "overdraft charges" that you don't want to pay. I'm sure Santander can arrange this for you or any other lender for that matter.

Whether a loan is cheaper than your current overdraft, I don't know, but that's something you'll have to look into yourself.

wishface

blueberrypie wrote: »

So it's some other person with an identical username who's posting on the I-wanna-buy-it board: http://forums.moneysavingexpert.com/showthread.html?t=2228035&highlight= - and their most recent post (in which they were definitely still intending to buy a pc) is from two days ago?



None of your business is any of my business - or anybody's business here, really. But you posted, you asked for advice/information, people have tried to provide it.



A year ago, you'd an overdraft you couldn't afford to pay off. Now, you've got an (different) overdraft you can't afford to pay off. A year ago, you asked for advice and got some, but it wasn't what you wanted to hear so you proceeded to blame the banking system/people trying to help you/CCCS/the rest of the world. Now, you've asked for (different) advice and it isn't what you wanted to hear, so...

That's a pattern.



Hm, I read this:

and this:

...and I thought you wanted to buy a pc. Silly me. Maybe it's in code...

I didn't say i didn't want a new pc; asking how i can get one doesn't cost money. Nor do i need your !!!!ing permission to do so. The fact that I don't have the money seesms beyond your capability to understand.

jambosans

choc_mouse wrote: »

Whether a loan is cheaper than your current overdraft, I don't know, but that's something you'll have to look into yourself.

Generally speaking, the smallest amount you can borrow for an unsecured personal loan is £1000.

The OP needs to be realistic, Santander are not going to close the account and setup some cosy repayment loan. If the OP is not using the account they should:

1. Open up a basic bank account (eliminating the possibility of building up another small debt) with another institution.
2. Budget to pay off a set amount (including interest) from the Santander overdraft each month.
3. Transfer day to day banking to the basic account, and setup a standing order to the Santander account.
4. Once the overdraft is cleared (including interest and charges), Santander will allow the account to be closed.

Another option would be to open a Co-Op Current Account Plus with £200 interest free overdraft. Similar to First Direct but with a lower funding requirement - £800 per month.

Personally I don't think another overdraft is a solution to the OP's problems. In the grander scheme of debts, £200 is tiny, so I would suggest it's better for the OP to budget than borrow their way out of this one. Perhaps I've missed something, but I would have assumed that interest on such a small overdraft would be negligible, unless the small amount of interest is breaching the overdraft limit and causing a cycle of charges?

As always, the best budgeting advice can be found over on Debt-Free Wannabe.

LynKramer

Do not choose this bank! We must move as soon as the overdraft is paid off. We just don't know what they will do next. They don't know what they will do next.

My wages are available for use from the start of trading on 25th of each month. On 25/10/2010 Alliance & Leicester paid, then bounced back £550 which was supposed to go to my landlord. I queried this on the morning of 25/10/2010. I was given an apology. I was told by this employee that the £550 would not be going out. The Alliance & Leicester employee suggested that he should make two ‘FASTER PAYMENTS’ to my landlord’s agent. He did this. However, it is only possible to make one faster payment in a day. Therefore, instead of two payments, one of £300 and one of £250 leaving my account, only one of £300 was paid out.

On 26/10/2010 the Alliance & Leicester paid £550 to the landlord; I was informed this would not be going out. Therefore, the Alliance & Leicester overpaid the landlord by £300. I was very upset and asked to be refunded the money. The Alliance and Leicester agreed to repay me the £300. They repaid me.

On 26/10/2010 I tried to journey to France to see my parents. At Dover, I needed to fill my tank with petrol, to be able to continue the journey. After a 21 minute mobile phone call to the Alliance & Leicester I was told that I was using my husband’s card; the Alliance & Leicester representative was patronising and asked me to read the name on the card! It was my name. She then told me my card had been reported ‘lost or stolen’. It had not been. Essentially I was left at a ferry port with no way of getting to my final destination or of getting home.

My internet access was stopped for no reason.

On 29/12/10 I noticed that only £250 and not £550 had been taken from my account to pay my landlord. I phoned the Alliance and Leicester and asked them, ‘Why?’. They stated that they, ‘Had no idea.’ They checked the standing order instruction which was for £550. I asked if £300 could be paid by faster payment to my landlord; considering the problems I experienced in October, I asked the girl to ensure that this was the only payment that would be taken. She paid the £300 on 30/12/10.

Today I noticed that a further £300 has been taken from my account; it comes under the heading, ‘Transaction Refund’. I immediately phoned Alliance & Leicester [2pm, I have spent hours on the phone]. After speaking with several different people and getting through to the Complaints Department, I have been told that I should be dealt with in about a week. They have taken £300 from my account with no explanation. I have no money to buy food or fuel. I have explanation.:(